Hedge funds’ assets swell to $4.07 tn in March

Hedge fund industry assets jumped to $4.07 in trillion as of the end of March, a new record high, thanks to a boom in trading profits, according to data from Iowa-based BarclayHedge. Assets under management (AUM) first topped the $4 trillion mark in February when they stood at $4.03 trillion. That growth has come as investors pile in, encouraged by a rebounding